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Author Topic: thinkstockphotos.com - Getty New Family  (Read 100396 times)

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RacePhoto

« Reply #275 on: February 09, 2010, 12:51 »
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Hi SJ,

 Who said you can't get in. I know 200 photographers that are shooting Macro stock photography now that weren't two years ago and that's just me. Why sell yourself short if you have what the market wants they will represent you. They still do. New agencies and people being signed to Getty and Corbis everyday. This is a fallacy that has no warrant except for the fact that not EVERYONE can get in. That is the position I think you really should defend.

Best,
Jonathan

I said I can't get in.  Because I didn't get in.  Tried.  And I'm not/wasn't talking about today.  I'm talking about 5-10 years ago.  That's when the boat sailed.

Quote from: lisa
And BTW, the irony that we microstockers are faced with similar issues that macro photographers were a few years ago is not lost on a number of us.   However, like Sean, I applied to Corbis and Getty over 5 years ago before joining the micros and was rejected.

You guys must be good. I didn't even get rejected, they didn't answer! I tried again after a year and don't even get the courtesy of a rejection email.

That's why I'm working for Alamy.


« Reply #276 on: February 09, 2010, 13:06 »
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Dug this out of my email, dated 12/28/05...

"Thank you for your submission to Getty Images, and giving us the opportunity to review your imagery.  However, after careful consideration, our submission review team has decided that your work does not match our needs at this time.  You may like to consider getting in touch with PACA (The Picture Archive Council of America), at www.stockindustry.org, who will be able to direct you to other Stock Agencies who might be interested in reviewing your images."

macrosaur

    This user is banned.
« Reply #277 on: February 09, 2010, 13:48 »
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Excuse me guys but as macrosaur i've something to say ...

1 - If Getty or Corbis rejected your portfolios is for a simple reason : they felt your images are either not good enough for them or have simply nothing special to add to what they're already selling.

RM agencies want creative photos, not holiday snapshots or copies of famous images they've in store since the '80s.
The sad thing is also they've lots of crap as well but it's usually stuff shot years ago that today sound a bit dated.


2 - Why RM agencies should invest on you as long as your portfolio is nothing to write home about ?
I don't mean your images suck, your images can probably be much better than the ones they're selling now, the issue there is maybe they're not as original and as creative as they want.

Creativity cannot be judjed or classified, it's something you either have or not, and if you look at your pictures and can't see anything wrong than maybe the only place you can belong is iStock or mabe Alamy since they don't edit.


3 - Why you keep comparing apples and oranges ?
The RM market can NOT disappear for the simple reason they sell anything including copyrighted logos, news, editorial, historic images, whatever under the sun.

Microstock is just a niche of the whole stock market and a very small one because of the many limitations
about copyright and model/property releases etc






« Reply #278 on: February 09, 2010, 13:49 »
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1. We're not talking RM.  We're talking Getty which has brands, both RM and RF.

3.  "editorial" is not limited to RM.

macrosaur

    This user is banned.
« Reply #279 on: February 09, 2010, 13:52 »
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Dug this out of my email, dated 12/28/05...

"Thank you for your submission to Getty Images, and giving us the opportunity to review your imagery.  However, after careful consideration, our submission review team has decided that your work does not match our needs at this time.  You may like to consider getting in touch with PACA (The Picture Archive Council of America), at www.stockindustry.org, who will be able to direct you to other Stock Agencies who might be interested in reviewing your images."


It doesn't mean your images suck, it can simply mean they had a look and thought "yet another guy  shooting business/lifestyle".

You can't blame them, there's so much people shooting the same stuff as you and Yuri and what you see on Getty is usually
pretty expensive stuff done by professionals investing lots of money on this, you can't easily compete with them or adding
something new and special unless you're very talented and gifted.

Joining Getty is every photographer's dream.
They must be flooded with applications.


« Reply #280 on: February 09, 2010, 13:53 »
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Dug this out of my email, dated 12/28/05...

"Thank you for your submission to Getty Images, and giving us the opportunity to review your imagery.  However, after careful consideration, our submission review team has decided that your work does not match our needs at this time.  You may like to consider getting in touch with PACA (The Picture Archive Council of America), at www.stockindustry.org, who will be able to direct you to other Stock Agencies who might be interested in reviewing your images."


It does make you wonder ... did the 'careful consideration' involve actually looking at the submissions at any point in the process? If they'd had any sense they'd have been welcoming all the best microstockers with open arms and neutralising their threat with 'golden handcuff' deals.

Funnily enough the date of that rejection coincided almost exactly with the point at which it all went so tragically wrong for Getty. Back then the share price was at an all-time high but just two years later had dropped over 70% and they were vulnerable to a buyout on the cheap.

I just hope that their arrogance and the ignorance of the market that they displayed then isn't rearing its ugly head again in the shape of Thinkstock.

RT


« Reply #281 on: February 09, 2010, 13:55 »
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You guys must be good. I didn't even get rejected, they didn't answer! I tried again after a year and don't even get the courtesy of a rejection email.

Don't take it personally, even when you are with them they don't answer emails, I learnt a long time ago the only way to get a response is by phonecall.

RT


« Reply #282 on: February 09, 2010, 13:58 »
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Joining Getty is every photographer's dream.
They must be flooded with applications.

You think so, these days for $50 a pop they'll take pretty much anybody on PC. Now joining Magnum is what I'd consider as every photographers dream.

macrosaur

    This user is banned.
« Reply #283 on: February 09, 2010, 14:00 »
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Dug this out of my email, dated 12/28/05...

"Thank you for your submission to Getty Images, and giving us the opportunity to review your imagery.  However, after careful consideration, our submission review team has decided that your work does not match our needs at this time.  You may like to consider getting in touch with PACA (The Picture Archive Council of America), at www.stockindustry.org, who will be able to direct you to other Stock Agencies who might be interested in reviewing your images."


It does make you wonder ... did the 'careful consideration' involve actually looking at the submissions at any point in the process? If they'd had any sense they'd have been welcoming all the best microstockers with open arms and neutralising their threat with 'golden handcuff' deals.

Funnily enough the date of that rejection coincided almost exactly with the point at which it all went so tragically wrong for Getty. Back then the share price was at an all-time high but just two years later had dropped over 70% and they were vulnerable to a buyout on the cheap.

I just hope that their arrogance and the ignorance of the market that they displayed then isn't rearing its ugly head again in the shape of Thinkstock.


I disagree.
Getty is a brand known for top quality and top prices.

They can't open the door to young wannabee unless their portfolios are at least on par with Getty's minimum standards.

The alternative is Alamy where 90% of their collection is junk.

And i can't see anything arrogant in that email.
It's your duty as an applicant to provide them with material that in few seconds can convince them you're worth of joining Getty.

These guys see 1000s of amazing images per day.
They can spot in a flash if you're great, good, or mediocre : it's their work full time job and they know their job.






« Reply #284 on: February 09, 2010, 14:04 »
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He's just saying the truth : earning from micros are rising fast, while earning from RM are flat or decreasing a bit, no more no less.
He's not saying they'll soon close Getty Images and bet the company on iStock.
...

Assuming that Getty has two revenue streams (RF/FM and microstock), overall revenue was (at best) flat in 2009, and microstock made them $200M, it's fair to assume their RF/RM income stream decreased by (at least) $200M last year. That's not "flat or decreasing a bit". Furthermore, Getty was purchased for $2.4B in mid-2008, which pegs that drop at more than 8% of its valuation.

Nobody said Getty was going to close or "bet the company" on iStock, but with this lastest microstock offering one can guess they're aiming to increase their exposure in the only stock photography market that's growing.
« Last Edit: February 09, 2010, 14:08 by sharply_done »

« Reply #285 on: February 09, 2010, 14:04 »
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It doesn't mean your images suck, it can simply mean they had a look and thought "yet another guy  shooting business/lifestyle".

You can't blame them, there's so much people shooting the same stuff as you and Yuri and what you see on Getty is usually
pretty expensive stuff done by professionals investing lots of money on this, you can't easily compete with them or adding
something new and special unless you're very talented and gifted.


Did such considerations as "What the customers want" and "At the price they can afford to pay" ever come into the calculations?

It does now of course. Yesterday I got an email from John Lewis, a premium department store in the UK, which included this Getty image available for just 5.

http://www.gettyimages.com/detail/76688714/Rubberball-Productions


macrosaur

    This user is banned.
« Reply #286 on: February 09, 2010, 14:05 »
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Joining Getty is every photographer's dream.
They must be flooded with applications.

You think so, these days for $50 a pop they'll take pretty much anybody on PC. Now joining Magnum is what I'd consider as every photographers dream.

Yeah except the fact that Magnum photographers are actually making more money with their expensive
workshops than what they make shooting feature stories in Kabul or Baghdad risking their ass.

And the Photographer's Choice is a good deal as it gives you the opportunity to see if you can sell there
or not.
I heard of people making big sales there with just 50$ of investment.

You can say what you want about Getty but they're the ones with the biggest paying buyers in the market.
Alamy, Corbis, and the gang are simply no match with Getty.

I've read recently about a guy in the Alamy forum selling a pic on Getty for 60.000$ (an advertising with eleephants),
try to do that with Alamy or micros...


« Reply #287 on: February 09, 2010, 14:07 »
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I am talented and gifted.  Unfortunately I am also lazy.

macrosaur

    This user is banned.
« Reply #288 on: February 09, 2010, 14:12 »
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Nobody said Getty was going to close or "bet the company" on iStock, but with this lastest microstock offering one can guess they're aiming to increase their exposure in the only stock photography market that's growing.


Companies have all one single goal : making profits.

And it's the duty of every good CEO to push the company where the money is.
Now the money is growing fast in microstock so for them it would be criminal
to waste the opportunity of dominating the micro market leaving the $bucks
to their competitors at SS, Fotolia, etc.

I don't think their CEO gives a crap about microstock eroding their RM/RF
collection, he's getting bonuses based on quarter results, and if tomorrow
their RM collection is not selling anymore he will be already somewhere else
with millions of $ in his pocket.

Said that, i think they know their chickens and what to us may appear as
a "harakiri" is simply a move to bankrupt their competitors.

After all RM is bleeding money because the old buyers are bankrupt or
surviving with small budgets, and there's nothing Getty or me and you can do
about this.


« Reply #289 on: February 09, 2010, 14:17 »
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I've read recently about a guy in the Alamy forum selling a pic on Getty for 60.000$ (an advertising with eleephants),
try to do that with Alamy or micros...

Pretty much every week someone or even several people in the UK become rich after winning the lottery. It happens all the time although, at odds of 14M to 1, it is probably not worth relying on it as income.


RT


« Reply #290 on: February 09, 2010, 14:20 »
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Yeah except the fact that Magnum photographers are actually making more money with their expensive
workshops than what they make shooting feature stories in Kabul or Baghdad risking their ass.

And the Photographer's Choice is a good deal as it gives you the opportunity to see if you can sell there
or not.
I heard of people making big sales there with just 50$ of investment.

You can say what you want about Getty but they're the ones with the biggest paying buyers in the market.
Alamy, Corbis, and the gang are simply no match with Getty.

I've read recently about a guy in the Alamy forum selling a pic on Getty for 60.000$ (an advertising with eleephants),
try to do that with Alamy or micros...

I agree about Magnum, but what I meant is that I can't think of a bigger accolade than to be one of their listed photographers, I've heard arguments from both sides about the quality of the shots on the site, I guess you either like them or you don't but one things for sure they've got that certain 'something'

When Getty announced PC I couldn't think why anybody would want to pay to have shots featured on their site, but it's worked and now I think about it it's actually a very shrewd move.

And I'd imagine the elephant shot you're referring to was one of Bob Elsdales, he works with his wife and they did a series of great elephant shots doing unusual things, and they also had a pig living with them for a while!  

Getty are undoubtably the biggest player in the industry, I still wouldn't and don't trust them though

« Reply #291 on: February 09, 2010, 14:28 »
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Geez, macrosaur, one day you're saying "earning from RM are flat or decreasing a bit, no more no less", and the next you're saying "RM is bleeding money". Guess I convinced you, huh?

As for Getty trying to bankrupt their competitors, if that's their goal they would have come up with something much better than Thinkstock. What they've done is offered a minimally-functional site that offers only their least valuable assets - they've invested as little as possible into it. It's pretty clear - at least to my way of thinking - that all they're doing right now is testing the microstock subscription market. That's not "harakiri".

If Getty was as ruthless as everyone seems to think they are, they'd have done something revolutionary to kill their competition: drastically lower their RF/RM pricing to be competitive with microstock. But they're not doing that, are they?
« Last Edit: February 09, 2010, 14:48 by sharply_done »


alias

« Reply #292 on: February 09, 2010, 14:44 »
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Joining Getty is every photographer's dream.

I don't know how old you are but I've been around since before Getty came along in the 1990s and I have to say that they have never particularly been popular with photographers.

Now I happen to think that they are great because I happen to have been impressed with the way in which they have predicted what will happen. Give or take a couple of hiccups. They treat image as commodity and they understand it like that. They have a point.

All that said I think you are talking a bigger game than you are actually running. Sure you've sold a few pictures RM. I bet Sean is pulling in more $. Which is all that matters if you are in stock pictures.

Now joining Magnum is what I'd consider as every photographers dream.

/nightmare maybe. It's also a bitchfest. Read the history or talk to anyone who has ever been involved with them. Even the different offices don't always get on let alone the different photographers / egos. It's not all sweetness and love.

« Reply #293 on: February 09, 2010, 14:58 »
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We are in the midst of a very deep recession. There are many good arguements being made that business will never return to normal even as the economy grows. It's hard to say until we reach that point what will happen. I think it is easy to say we must increase our revenue growth for 2010 but not so easy to actually accomplish it.

From my vantage point, this is microstock's "happy time": revenue is up, competition is down, and management is thinking innovatively.
I know it's not going to last forever, but I'm enjoying it while it's here.

RT


« Reply #294 on: February 09, 2010, 15:07 »
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/nightmare maybe. It's also a bitchfest. Read the history or talk to anyone who has ever been involved with them. Even the different offices don't always get on let alone the different photographers / egos. It's not all sweetness and love.

That's pretty much the same story for any other site/agency/club/forum or anything else to do with photography or other industries that involve creative people, because if we all had the same 'vision' I doubt many of us would do it.

grp_photo

« Reply #295 on: February 09, 2010, 15:09 »
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Dug this out of my email, dated 12/28/05...

"Thank you for your submission to Getty Images, and giving us the opportunity to review your imagery.  However, after careful consideration, our submission review team has decided that your work does not match our needs at this time.  You may like to consider getting in touch with PACA (The Picture Archive Council of America), at www.stockindustry.org, who will be able to direct you to other Stock Agencies who might be interested in reviewing your images."

At Getty I wasn't accepted the first time too, updated my website half a year later, applied and bingo. Also there are different channels to join Getty, nowadays I rarely use the direct creative channel much to complicated and labour-intense. I'm a long-term Corbis Contributor but with a tiny portfolio. Also I'm in a small cutting edge Macro library which performs amazingly well ( a par with Getty and Corbis). But most of the stuff Sean and Lisa produces doesn't fit to today's macro-market so I don't wonder that they didn't get accepted, but if you prepare them a creative portfolio with fresh ideas and not to mainstream you will get accepted at every macro agency - it's up to you.

« Reply #296 on: February 09, 2010, 15:16 »
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[

Assuming that Getty has two revenue streams (RF/FM and microstock), overall revenue was (at best) flat in 2009, and microstock made them $200M, it's fair to assume their RF/RM income stream decreased by (at least) $200M last year. That's not "flat or decreasing a bit". Furthermore, Getty was purchased for $2.4B in mid-2008, which pegs that drop at more than 8% of its valuation.

Nobody said Getty was going to close or "bet the company" on iStock, but with this lastest microstock offering one can guess they're aiming to increase their exposure in the only stock photography market that's growing.


It never has to be one or the other. My only real point. Every photographer produces images that are suitable for the other market, Whatever that is.

Getty was bought for 2400 million of which 50 million was for iStock. One is a lot the other is dinky. I see some major disparity there. Either the investors got ripped off or Getty got a huge bargain on iStock. These prices are largely based on present and future earning potential.
« Last Edit: February 09, 2010, 15:18 by Zeus »

« Reply #297 on: February 09, 2010, 15:23 »
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As a side note, I flew to NYC (live in Vancouver) to present my portfolio in person to agencies. I got accepted. Have you read The Outliers.? Interesting read.

« Reply #298 on: February 09, 2010, 15:24 »
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But most of the stuff Sean and Lisa produces doesn't fit to today's macro-market so I don't wonder that they didn't get accepted,

I'm not crying at night ;) .

« Reply #299 on: February 09, 2010, 15:25 »
0
...
Getty was bought for 2400 million of which 50 million was for iStock. One is a lot the other is dinky. I see some major disparity there. Either the investors got ripped off or Getty got a huge bargain on iStock. These prices are largely based on present and future earning potential.

iStock was purchased in Feb 2006 for $50M. Getty was purchased 2.1/2 years later for $2.4B, when iStock annual revenue was already eclipsing its purchase price.
Yes, there is a major disparity in the price. iStock was certainly a bargain, but I'm not so sure Getty was.


 

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